Which of the following is an environmental factor that does NOT stimulate creativity?
a. Freedom
b. Encouragement
c. Competition
d. Challenge
c. Competition
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The following information is available from the current period financial statements: Net income $165,000 Depreciation expense 28,000 Increase in accounts receivable 16,000 Decrease in accounts payable 21,000 The net cash flow from operating activities using the indirect method is
a. $230,000 b. $188,000 c. $198,000 d. $156,000
To remain competitive, businesses should not change procedures and policies in response to the economy, customer needs, and new opportunities that arise
Indicate whether the statement is true or false.
Which of the following would be found on the Balance Sheet of a manufacturer?
A) cost of goods sold B) cost of goods manufactured C) factory building D) all of the these
The Valor Company manufactures two products: L and M. The costs and revenues are as follows: Product L Product MSales price$150 $112 Variable cost per unit 90 68 Machine hours per unit 15 10 Total demand for Product L is 2,000 units and for Product M is 1,000 units. Machine time is a scarce resource. During the year, 36,000 machine hours are available.Required:a. How many units of Products L and M should Valor produce?
What will be an ideal response?